Paccar Inc. (PCAR) is Dudley & Shanley LLC’s 6th Largest Position
Dudley & Shanley LLC cut its stake in shares of Paccar Inc. (NASDAQ:PCAR) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 420,320 shares of the company’s stock after selling 5,000 shares during the period. Paccar comprises 5.7% of Dudley & Shanley LLC’s portfolio, making the stock its 6th largest position. Dudley & Shanley LLC owned 0.12% of Paccar worth $24,706,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of PCAR. Boston Advisors LLC boosted its position in shares of Paccar by 3.0% in the second quarter. Boston Advisors LLC now owns 7,575 shares of the company’s stock worth $393,000 after buying an additional 220 shares in the last quarter. Everence Capital Management Inc. boosted its position in Paccar by 69.6% in the second quarter. Everence Capital Management Inc. now owns 6,216 shares of the company’s stock valued at $322,000 after buying an additional 2,550 shares during the period. Wellington Management Group LLP boosted its position in Paccar by 2.7% in the first quarter. Wellington Management Group LLP now owns 2,216,874 shares of the company’s stock valued at $121,241,000 after buying an additional 57,859 shares during the period. Legal & General Group Plc boosted its position in Paccar by 2.1% in the first quarter. Legal & General Group Plc now owns 1,522,905 shares of the company’s stock valued at $83,284,000 after buying an additional 30,642 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in Paccar during the first quarter valued at $1,224,000. 62.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Paccar Inc. (NASDAQ:PCAR) opened at 57.96 on Thursday. The company’s 50-day moving average is $56.95 and its 200-day moving average is $56.40. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 35.28 and a beta of 1.30. Paccar Inc. has a 12-month low of $43.46 and a 12-month high of $60.86.
Paccar (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Paccar had a net margin of 3.41% and a return on equity of 20.96%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts predict that Paccar Inc. will post $3.90 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, November 16th. Paccar’s payout ratio is presently 58.54%.
PCAR has been the topic of several analyst reports. Deutsche Bank AG initiated coverage on shares of Paccar in a report on Tuesday, September 6th. They set a “hold” rating and a $63.00 price target on the stock. Longbow Research cut shares of Paccar from a “neutral” rating to an “underperform” rating and set a $44.00 price target on the stock. in a report on Tuesday, July 19th. Barclays PLC boosted their price target on shares of Paccar from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, October 12th. Jefferies Group boosted their price target on shares of Paccar from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, September 1st. Finally, Credit Agricole SA initiated coverage on shares of Paccar in a report on Friday, September 30th. They set an “outperform” rating and a $65.00 price target on the stock. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.13.
In other news, insider T. Kyle Quinn sold 3,024 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $54.80, for a total transaction of $165,715.20. Following the sale, the insider now owns 16,672 shares of the company’s stock, valued at approximately $913,625.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.62% of the company’s stock.
Paccar Company Profile
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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